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Advantages of buying apartments in UK

By David Hopes Subscribe to RSS | May 10th 2012 | Views:

Apartments in UK have been in great demand in the past few years. With lack of land available in the city the young city dwellers are finding it convenient to choose them rather than other expensive options including houses. In fact if you want to live in a city there is practically very little option other than apartments.

In UK the property is either freehold or leasehold. By freehold we mean that when you buy such an asset you acquire the full legal ownership of the land as well as the property. In UK most of the houses, be it semi-detached, detached, townhouses or terraced, are freehold kinds, whereas, most apartments are sold leasehold. When you buy a leasehold kind you buy only the property, not the land on which it is erected. The leaseholder has to pay a ground rent annually along with an annual service charge for maintenance and repair.

The advantages of buying apartments in UK are:

As a resident of an apartment you will get increased security when you take other than ground floor or basement. Compared to your own house, the apartments in UK ensure much more security from burglars, thieves or other kinds of threats.

The amount of property taxes you have to pay for it is considerably lower than a detached home.

There is no maintenance charge for garden, lawn or pool when you live in such a building. Most of the apartments provide an array of leisure and sports facilities.

Rather than living in a detached house it is much better to live in an apartment where you can enjoy community living in association with close neighbours and lot of social contacts.

Living here is easy as it requires low-cost maintenance. You have fewer responsibilities in comparison with a house.

It costs much less than an individual house.

When it is difficult to buy a house in your favourite location within a city, apartments can be availed at comparatively affordable prices.

Buying an apartment at affordable price you can beautifully design it with alluring interiors and fascinating decor. Contemporary kitchen with quality appliances and en suite bathrooms with designer fittings can add more appeal to your home. Apart from providing various luxury amenities they ensure high security with the latest security facilities like CCTV surveillance, security entry system with phone or video, 24-hour caretaker, etc.

The modern apartments provide you a leisure complex with landscaped gardens, gymnasium, swimming pool, Jacuzzi, sauna and even tennis courts. You do not have to worry about secure parking. In some of the set ups business centre, in-house medical centre, private meeting rooms, restaurant and bar, are also there.

The size of apartments varies, therefore, while comparing the cost, take their size into consideration as this is a big factor. Studios and small apartments are getting wide popularity in UK especially among those who stay in the city during the week and go back to their country homes at the weekend. As a comfortable and cheaper option than staying in a hotel buying such an apartment one can save money and time on travelling. At the same time it is also a good investment. If you are planning to buy an apartment make sure that the building has all safety and security features and a lift as well, when you are planning to have it above the ground floor.

David Hopes - About Author:
Rowan Saunders is a real estate advisor who has been in this field for fifteen years by now. He has a thorough knowledge of the market trend and the latest developments in this field. He has written a number of articles and blogs on real estate market and property. His study helps us to understand the current market scenario in UK.

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